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May 2015

May 2015
2015, May, 22, 17:45:00
U.S. SEIZED SAUDI
As the United States raced over the past five years toward becoming a global petroleum powerhouse, the world's biggest oil exporter Saudi Arabia quietly seized a market milestone from America: the largest source of peak summer demand.
May 2015
2015, May, 22, 17:40:00
MOODY'S OIL DEFAULTS
Analysts at Moody’s predict that the default rate for oil and gas companies with lower credit ratings — B2 or lower — could increase to 7.4% by March 2016 from 2.7%.
May 2015
2015, May, 22, 17:35:00
CHINA'S GAS DEMAND UP
The World Bank’s private lending arm is targeting investments in natural gas companies in China, the largest growing market for the fuel.
May 2015
2015, May, 22, 17:30:00
U.S. GAS IMPORT
U.S. net imports of natural gas decreased 9% in 2014, continuing an eight-year decline. As U.S. dry natural gas production has reached record highs, lower domestic prices have helped to displace natural gas imports. Net natural gas imports (imports minus exports) totaled 1,171 billion cubic feet (Bcf) in 2014, the lowest level since 1987.
May 2015
2015, May, 22, 17:25:00
MEXICO SLASHES GROWTH
Mexico's government on Thursday slashed its economic growth forecast to between 2.2 to 3.2 percent this year after data showed the economy grew at its slowest pace in over a year undermined by flagging oil revenue and weak U.S. growth.
May 2015
2015, May, 22, 17:20:00
OIL: EVERYBODY IS BUYING
U.S. oil companies, still smarting from the crude price rout, are attracting a wave of new investment from unlikely sources - hedge funds and private equity firms flocking to the energy market for the first time to bet on a rebound.
May 2015
2015, May, 20, 19:00:00
RUSSIA & CHINA: NO SANCTIONS
Russia is developing non-dollar financing and ties with China in the face of U.S. and EU sanctions
May 2015
2015, May, 20, 18:55:00
CHINA NEEDS U.S. LNG
"The Chinese market is a very interesting market for us. I wouldn't be surprised if in the future we are delivering LNG to China. And not necessarily small buyers, big buyers as well," said Zanen on the sidelines of the Asia Oil and Gas Conference in Kuala Lumpur, declining to give more information.
May 2015
2015, May, 20, 18:50:00
CHINA & U.S. RISKS
China's land reclamation around reefs in the disputed South China Sea is undermining freedom and stability, and risks provoking tension that could even lead to conflict, U.S. Deputy Secretary of State Antony Blinken told a conference in Jakarta.
May 2015
2015, May, 20, 18:45:00
OIL PRICES MOVES
The dollar was a contributing factor to oil’s crash between June and January as it rose 16 per cent against a basket of other currencies. However, the 60 per cent decline in crude from about $115 to $45 a barrel over the same period illustrates how crude was largely trading on its own fundamentals, as the US shale boom contributed to oversupply.